The Bank of England has said it will “not hesitate” to hike interest rates to curb inflation after the pound fell to a record low against the US dollar. Its statement came after the Treasury said it would publish a plan to tackle debt in a bid to reassure investors. Sterling fell to an all-time […]
Today, President Joe Biden issued a statement about the rising Consumer Price Index (CPI) in September. He painted disappointing data about the US economy in a surprisingly positive manner: “Today’s data show more progress in bringing global inflation down in the US economy. Overall, prices have been essentially flat in our country these last two […]
Our lands are rich, but we starve, as Democracy chains us to the IMF, with increasing taxation, interest payments, debt and inflation.
Headlines: • Bank of England’s Bailey Warns UK Faces Very Big Inflation Shock • Taliban say ‘no information’ about Al Qaeda Chief Zawahiri in Afghanistan • China Halts US Cooperation on Range of Issues after Pelosi’s Taiwan Visit Bank of England’s Bailey Warns UK Faces Very Big Inflation Shock The Bank of England on Thursday […]
This is the End Result of Dealing with Evil Colonialism! So is There Still Anyone Who Has Yet to Learn Their Lesson?! The Spokesperson of Pakistan’s Foreign Office has confirmed that General Bajwa has called the US Deputy Secretary of State, Wendy Sherman, requesting the United States puts pressure on the IMF, to release a […]
We in Hizb ut Tahrir / Wilayah of Sudan would like to congratulate the entire Islamic Ummah on the blessed Eid al-Adha, asking Allah (swt) for its return and the message of the Ummah has united under the banner of the beloved Muhammad (saw) in the Khilafah Rashidah (rightly-guided Caliphate) State on the method of […]
Hizb ut Tahrir / Kenya would like to extend the warmest greetings on the blessed Eid ul-Adha to the Muslims in Kenya and the whole world in general. We convey our congratulations to the men and women working tirelessly toward reestablishment the second Khilafah (Caliphate) upon the method of Prophethood. We would like also convey […]
In a positive development, a debate has erupted over Islam’s ruling regarding adopting gold and silver as currency of the Khilafah, as a solution to the high inflation, which the Muslims of Pakistan face today. The debate has spread from those who advocate Islam, in support of gold and silver currency, to include those who […]
In 1540 CE, the Islamic ruler, Sher Shah Suri, issued the silver Rupiya, weighing 178 Troy grains, which is 11.5 grams.
Headlines: Tunisia’s New Constitution to Remove Reference to Islam Pakistan needs $41bn in next 12 months Imran Khan: Pakistan May Break-up
Question: A wave of high prices is sweeping Jordan, affecting basic food commodities such as poultry, oils and red meat, as well as other commodities. Is this living crisis temporary or does it have causes pressing on the economic system in Jordan as a result of its regional and international relations? And how true is […]
Nureddin Nebati, Minister of Treasury and Finance, said, “High increases in international commodity prices, especially food and energy, triggered by the global pandemic and war circumstances, and some disruptions in supply chains play a fundamental role in high inflation rates in our country, as in all other countries in the world.” said. (03.06.2022 Akşam)
America is an open enemy to Muslims itself, whilst fully supporting the Hindu State and the Jewish occupation.
Pakistan’s economy is crashing due to international trade based on the dollar, debt with interest (riba) and expensive oil and machinery imports. Islam establishes all trade on gold and silver, ending dollar hegemony. Islam abolishes interest (riba), ending the debt trap. Islam obliges substantial domestic heavy industry to ensure independent, powerful armies. The Khilafah will […]
The worst kept secret about the present economic crisis is that it has resulted from our rulers having saddled the people with a huge debt while harvesting its proceeds to acquire properties, businesses, and citizenships abroad. (brecorder)
The Pakistani currency touched a critical threshold of Rs 200 in the open market against the US dollar during intraday trading on Wednesday, 18th May 2022, mainly due to the country’s depleting foreign exchange reserves and high imports, whilst drowning the people in inflation.
The Turkish Statistical Institute has shared its inflation numbers for April. According to the numbers of the institute, the consumer price index (CPI) increased by 69.97% year-on-year and 7.25% month-on-month. The Inflation Research Group (ENAG), which is composed of academics, announced that the inflation figure for April was more than double the figures of the […]
Headlines: Zionists Warplanes Attack Gaza India Continues to do Business with Russia Petition Calls for Egyptian President’s Removal
The fruit of the poisonous plant of democracy is apparent. No matter how much water, sunshine and fertilizer is made available to this plant, it will only bear poisonous fruit, both now and in the future. The ‘corruption-free’ democracy project collapsed under its own weight in just three and a half years. It was under […]
Headlines: • Genocide in Ukraine? • ‘Israel’, UAE Finalise ‘Milestone’ Free Trade Deal • Turkish Inflation Genocide in Ukraine? Ukrainian authorities released photos and videos showing corpses lying on the streets of the town of Bucha near Kyiv after Russian forces left the area. Kyiv called what happened there a genocide and demanded that the […]
Headlines: The Rise in Global Inflation Ukraine Tensions: Russia Invasion Could Begin Any Day, US Warns US Always Used Pakistan, Says PM Imran Khan The Rise in Global Inflation According to the IMF surging energy costs have boosted inflation, especially in Europe, after fossil-fuel prices nearly doubled in the past year. Rising food prices have […]
Following a press conference by Fed Chairman Jerome Powell on January 26, 2022 Politico reported: The Federal Reserve is likely to raise interest rates in March in what is expected to be the first of a series of hikes this year amid rising inflation.
British families are about to endure the worst cost of living crisis for 30 years, and are left waiting for anyone in power to notice… For many, the money going out is about to soar, causing that coming in to shrink in real terms. Inflation rose to 5.4% last month, driven by pricier food and […]
The devaluation of the Turkish lira. Comment: Turkey’s national currency, the Turkish lira, has drastically plummeted in the last quarter of this year, from 8.86 Turkish liras for one dollar in October to 16.42 Turkish liras for one US dollar. So, the Turkish lira lost almost double its value against the US dollar and that […]
Question: The Turkish lira plunged to its lowest level in a short period, losing more than 30% of its value in less than two months, and losing more than 45% of its value since the beginning of this year. The inflation doubled to about 21% and prices rose significantly. Note that it has been in […]
Hizb ut Tahrir/ Wilayah Turkey organized a conference in Istanbul entitled, “Islamic Solutions to Economic Problems.” Ust. Abdullah İmamoğlu gave a speech entitled “Islam is the Only Source of Revival ” and after the brother’s speech a video recording was shown entitled, “The Source of Economic Problems and their Islamic Solution.” Musa Bayoğlu entitled, “The […]
Turkey’s agenda is shaken by the dramatic collapse of the Turkish lira against the US dollar. The US dollar, which was equivalent to about 6 Turkish liras at this time last year, has crossed the 13 Turkish liras range. The rise in the exchange rate naturally leads to a rise in the prices of all […]
Headlines: Pakistan’s Debt Skyrockets Iran Nuclear Talks Resume Turkey Economic Crisis Gets Worse
In November 2021, Pakistan and the International Monetary Fund (IMF) reached a staff level agreement for the next interest based loan tranche, upon fulfillment of IMF conditions. The IMF conditions include an increase of Rs. 350 billion in taxes through a mini-budget, an increase of Rs 4 per liter in the Petrol Development Levy (PDL) […]
West Raises Alarm of Renewed Russian Escalation at Ukrainian Border According to a report by the Military Times on Sunday, ‘Russia has more than 92,000 troops amassed around Ukraine’s borders and is preparing for an attack by the end of January or beginning of February, the head of Ukraine’s defense intelligence agency told Military Times.’ […]
